Pakistan’s Trade Deficit Rises in FY25

According to data from the Pakistan Bureau of Statistics (PBS), Pakistan’s trade deficit experienced a notable increase of 9% in FY 2024-25, reaching $26.3 billion compared to the preceding fiscal year.

The nation’s trade balance, representing the difference between exports and imports, registered a deficit of $24.1 billion in FY 2023-24.

Exports for FY25 saw a rise of 4.7%, totaling $32.1 billion, up from $30.7 billion in FY24.

Expert Opinion

Topline Securities noted that achieving sustainable, double-digit export growth necessitates political stability, economic reforms, energy sector improvements, and enhanced global competitiveness.

Imports in FY25 also showed an increase, climbing by 6.6% to $58.4 billion from $54.8 billion in FY24.

June Trade Balance

In June 2025, the country’s trade deficit experienced a slight decrease of 3.4%, settling at $2.3 billion compared to the same period last year.

The trade balance for June 2024 showed a deficit of $2.4 billion.

The year-on-year (YoY) reduction in the trade deficit for June 2025 was primarily driven by declines in both imports and exports, with a more significant contraction observed in imports.

Exports for June 2025 amounted to $2.54 billion, reflecting a 0.6% decrease compared to $2.56 billion in June 2024.

Imports totaled $4.86 billion, marking a 2% decrease from $4.96 billion in the corresponding period of the previous year.

On a month-on-month (MoM) basis, the trade deficit saw a considerable decline of 9.5% in June 2025, coming in at $2.3 billion compared to $2.57 billion in May 2025.